QUOTE (thomasbeyer2000 @ Oct 24 2008, 10:18 AM) sounds great .. usually CMHC does not like VTBs behind 85% .. so this would surprise me if they do this deal with 90% leverage ! do not count on it .. get it in writing ! a DCR of 1.3 with 90% leverage and 6.5% CAP does not compute .. possibly...

QUOTE (thomasbeyer2000 @ Oct 23 2008, 10:40 PM) with one partner you can always negotiate that .. so YES, go for this buyout clause as an option .. if he goes for it ! 8% appreciation is a bit rich .. what are you paying per door ? condo conversion in a small town is VERY difficult to finance...

QUOTE (investmart @ Oct 23 2008, 05:09 PM) Hi Mark, What is the CURRENT CAP Rate? - in today`s economic situation I do not include appreciation in my calculation but rather see it a as nice bonus if it appreciates. Therefore, CAP is key. Your case is a little different as you plan on a change...

I have an accepted offer on a 22-suite apartment. The deal is very strong. I have the bank carrying 85% financing and a VTB for 5%. The building still has debt coverage of 132% with these numbers. I need a couple hundred thousand in cash to make it happen. I have brought in a money partner for...

Hi I own some commercial property and already have several corporations set up under my own name. I have just had an accepted offer on a 22 suiter. I will be bringing in a new JV partner to put up the cash. He already has his own corporation as well. My question is, should I incorporate...

QUOTE (investmart @ Oct 9 2008, 12:25 AM) Great post, great information! Thank you Thomas, Adam, Mark and Dan. Basically I calculate the CAP in 3 ways: - Based on the listing agent`s posted income and expenses - Based on actual utility bills, rents provided and some pretty accurate...

QUOTE (samwei @ Oct 8 2008, 07:05 PM) Hi mark, Can i ask how you happened to find the property? Was it through utilizing your realtor`s website? Was it through an automatic email notification sent by a computer search set up by your realtor on your behalf? If this was the case, then the...

QUOTE (amantei @ Oct 8 2008, 03:35 PM) If your agent had to work exceptionally hard on a file would he/she be offered "extra money"? The reason many people go into the industry to become a realtor is because they think it`s easy money. The reason most drop out is because they find out it`s not...